XP keeps BRL 5.00 target for Melnick stock

Published on 10/14/2026 at 03:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

XP kept its BRL 5.00 target on September 21, 2026. For Melnick stock, second-quarter revenue was BRL 271.10 million on August 12, 2026.

Analyst view and company figures

XP maintained its BRL 5.00 target for Melnick on September 21, 2026.
Melnick reported BRL 271.10 million revenue for the second quarter of 2026.
The company scheduled a complementary dividend payment for December 31, 2026.

Melnick, BRMELKACNOR8, Illustration mit AI erstellt.

XP maintained its BRL 5.00 price target for Melnick stock on September 21, 2026, while keeping its Buy recommendation, according to InfoMoney. The report cited Melnick's diversification across its core business, Open and Partners operations, while also pointing to weaker working-capital dynamics in 2026.

Three dates shape the story

On August 12, 2026, Melnick reported BRL 271.10 million in net revenue for the second quarter, down 19.80 percent from the prior-year quarter, and BRL 50.30 million in net income, according to TraderNews. The same review reported BRL 107.69 million in net sales and a 7.23 percent sales speed for the quarter.

On August 13, 2026, Melnick's second-quarter earnings call covered results for the quarter and six months ended June 30, 2026, as listed by MarketScreener. On September 21, 2026, XP kept its BRL 5.00 target and Buy recommendation, giving the analyst view a clear valuation anchor.

What do the results show?

The quarter presents a mixed operating picture. Revenue fell 19.80 percent year over year, yet net income reached BRL 50.30 million and the reported net margin was 18.60 percent, based on the second-quarter figures summarized by TraderNews. For investors, the key tension is the gap between accounting profitability and cash conversion.

XP highlighted Santa Catarina as a potential growth market and described the company's operating platform as diversified. The counter-factor is financial execution: the same coverage cited weaker cash generation, higher receivables and greater leverage as constraints on larger near-term dividend payments, according to Suno.

Dividend date adds a second marker

Melnick's complementary dividend payment was scheduled for December 31, 2026, while the ex-dividend date was April 30, 2026, according to the dated company analysis by TraderNews. That calendar item sits alongside the BRL 5.00 analyst target, but the operating figures keep revenue growth and cash conversion central to the investment debate.

Melnick facts and listing

Melnick Desenvolvimento Imobiliário S.A. operates in Brazilian real estate development, with incorporation and urbanism activities. Its shares trade under ticker MELK3 on B3, and the company is identified by ISIN BRMELKACNOR8.